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Ryan Pomerening's profile image
Ryan Pomerening's profile image
Ryan Pomerening
  • Investor
  • from Wauzeka, WI
  • Member since Apr 1, 2014

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Ryan Pomerening's profile image
Ryan Pomerening's profile image
Ryan Pomerening
  • Investor
  • from Wauzeka, WI
  • Member since Apr 1, 2014
Ryan Pomerening
  • Investor
  • Wauzeka, WI
0
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2
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General Landlording & Rental Properties

Meeting FHA loan requirements with occupied duplex

Ryan Pomerening
  • Investor
  • Wauzeka, WI
Posted

Greetings BP Community,

The loan officer I've been talking to about getting an FHA loan for a duplex. It looks like it could be a solid buy, but there's one glaring issue:

In order to meet the FHA loan requirements, I would have to move into the property within 60 days. But both units are occupied. If the lease has them locked into the property for longer than 2 months after the sale, what do I do?? I may have to speak with a real estate attorney, but I don't want to get charged a bunch of money for one question. Thanks everyone!

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